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Consensys, Joe Lubin Lead $425M Investment in Public Market ETH Corporate Treasury

A host of crypto investors are bankrolling SharpLink Gaming's transition into becoming "Strategy for ETH.'"
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May 28, 2025 • 1 min read

SharpLink Gaming raised $425M, led by Consensys, to establish an Ethereum treasury, driving a 420% surge in its stock price.

What’s the Scoop?

  • Fundraising Milestone: SharpLink raised $425M to allocate into Ethereum for its corporate treasury, signaling a significant strategic pivot.
  • Consensys Leadership: The raise was spearheaded by Consensys, with CEO and Ethereum co-founder Joseph Lubin set to join SharpLink’s board.
  • Stock Surge: SharpLink’s Nasdaq shares saw a 420% spike following the announcement, reflecting investor excitement over the Ethereum-focused strategy.

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